National Homeownership Month

National Homeownership Month

Each June during National Homeownership Month, we reflect on the value of homeownership.

Smarter, Happier & Healthier

Americans strongly support homeownership, with good reason. Becoming a homeowner makes families smarter, happier, healthier, and wealthier. In a recent study, homeowners also reported improvement in their children’s well-being, school performance, attendance and higher participation in extracurricular activities.

Buy a Home, Create a Job

The housing market recovery has done more than add wealth and bring happiness to U.S. homeowners; it has also added jobs. According to a recently released report, after experiencing heavy job losses during the recession, the construction industry is building up its headcount again. Since 2011, the U.S. has added more than 187,000 construction jobs, an increase of 2 percent.

The Dream Continues

According to a recent survey, while 66% believe housing is a good financial investment, 75% see it as an important part of raising a family. A total of 87% of respondents said owning their home is something they have always wanted.

Become a Homeowner

It all begins with a plan. If owning a home is one of your goals, there are a lot of questions to ask yourself:

  • Are you ready? In order to qualify for a mortgage, you need a steady and reliable source of income and an established bank account. Your lender will also review your credit report to establish that you pay your bills on time and manage your debt well.
  • How much can you afford? Homeowners pay taxes, insurance and must be able to maintain the purchased property. When calculating your total monthly expenses, make sure you include regular payments that may not be reflected on your credit report, such as child care, groceries, and entertainment. Be honest with yourself about how much you can afford to pay each month now, to avoid any financial difficulties later.
  • Where do you start? Contact a licensed Inlanta Mortgage loan officer to discuss your unique financial situation and learn more about the road to homeownership. Find a loan officer near you using our branch locator or apply online now. When you apply online, we will connect you with a loan officer licensed to originate in your area.

More Resources for New Home Buyers

These resources are available all year long – not just during National Homeowership Month. Visit our blog often for more articles and resources for homebuyers.

 About Inlanta Mortgage

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012.

Credit Tips for Home Buyers

Credit Tips for Home Buyers

You’ve heard it all before. Rates are low, house prices are rising, and homeownership is a great way to accumulate wealth in the long term. So everyone should run out and buy a house, right?

Before you make any major decisions,  you may want to make sure your credit is as prepared for this investment as your heart is. While taking the time to consider where you want to live and how much house you can afford – you should also take the time to review your credit report.

Your credit score will help determine the interest rate you get. Higher credit scores enable borrowers to pay lower interest rates. If you haven’t already considered improving your credit score – it’s never to late to start. Here are a few credit tips for potential home buyers:

1. Check Your Credit.

Make sure the information on your credit report is accurate and up-to-date. Get a free copy of your credit report every year from each of the three major credit reporting bureaus at www.annualcreditreport.com. If you have already applied for a mortgage loan, your loan officer will have already pulled your credit report and should be able to advise you on aspects of your credit report that may require attention.

2. Pay Bills on Time

This sounds like a no-brainer but it is important. Lenders want to see a good payment history. Generally, if you pay your bills within 30 days of the due date your late payment will not be reported to the credit bureaus. However, you will accumulate unnecessary and costly late fees.

3. Pay Down Balances

The amounts of debt you have weighs heavily on your overall credit score. If you can pay down balances – your credit will improve. Generally, it’s reasonable to keep your credit card balances at or below 30% of your credit limit.

4. Approved?  Now Don’t Charge ANYTHING!

Before your loan closes, your lender may pull a second credit report. You financing can fall apart if after you initial application you run up credit balances, apply for a car loan, or anything else that would affect your credit score. There will be plenty of time for shopping after your loan closes – don’t risk it.

Each loan program that  Inlanta Mortgage offers has different requirements. Contact a licensed loan officer to see which programs you are eligible for.  Inlanta loan programs include FHA, VA, USDA, 203K, Jumbo, and conventional mortgages.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

What are Homebuyers Looking For?

Home buyers love fireplaces.

Fireplaces and hardwood floors are at the top of home buyers must-have lists.

What are home buyers looking for in 2012? Here is a list of some must-have features home buyers are seeking this year:

1. Garages – A garage is a must have these days. In the north, homeowners don’t enjoy scraping ice off their windshields or shoveling snow off their cars. In the south, home owners would rather not climb into a car that has been sweltering in direct sun light.

2. Walk-in Closets – Closet space is coveted. Closets help home owners keep their rooms clutter free and aid in overall organization.

3. Fireplaces – Fireplaces add a level of coziness that no other feature can do. In addition to the decorative appeal, fireplaces can often be used as a supplemental heating source.

4. Fenced-in Yards – Fenced-in yards expand and define our living space. Fences can add privacy, security and deflect sound. In 2011, the Humane Society of the United States reported that 39% of households had a least one dog. Fenced-in yards are important to households who treasure their pets as one of the family – to ensure their furry friends’ safety and quality of life. It almost goes without saying that a fenced-in yard is especially desirable to families with small children.

5. Hardwood Floors – Let’s face it – hardwood floors are relatively easy to maintain. Anyone with pets or small children can attest to the how much easier it is to clean up a mess on hardwoods than carpet. Hardwood floors also help rooms look larger and can be easily accented with an area rug. Home buyers also appreciate that hardwood floors don’t collect dust, pollen or other allergen.

Are you looking to buy a home? Get pre-approved today! Pre-approvals are integral to the home shopping process and let realtors know that you mean business!

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

What Do Home Buyers Want?

What Home Buyers Want Today
Courtesy of: ImprovementCenter.com

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved.  Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.